tag:blogger.com,1999:blog-5298617884089954037.post7059746723282105116..comments2016-08-15T03:44:24.075+05:30Comments on MICROFINANCE NEWZ...: As Microfinance Grows in India, So Do Its Rivals : A report from WSJPraveen Kumarhttp://www.blogger.com/profile/08920096479035265368noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5298617884089954037.post-62915363587486437682012-07-03T17:54:48.831+05:302012-07-03T17:54:48.831+05:30The Ghana Cooperative Susu Collectors Association ...The Ghana Cooperative Susu Collectors Association (GCSCA), an umbrella organization of regional cooperatives of susu collectors in Ghana, has announced that 300 of its susu collector members have submitted applications under the new rules and requirements for microfinance licensing under the Bank of Ghana (BOG) [1, 2]. Traditional susu collectors serve predominantly low-income earners with access to savingsmis sold ppihttp://www.ppisupportline.com/noreply@blogger.comtag:blogger.com,1999:blog-5298617884089954037.post-16707399534515335992010-10-27T12:00:34.015+05:302010-10-27T12:00:34.015+05:30I volunteer with a micro finance organization call...I volunteer with a micro finance organization called United Prosperity and we guarantee loans. Every dollar that we guarantee, our supporting MFI will lend nearly twice that amount of money to the women in rural parts of India. Over time, the MFI was able to build a relationship with the local banking system and has been able to reduce its cost of borrowing from banks and has reduced the interest rate it charges from its borrowers. This &quot;virtuous circle&quot; will continue to help MFIs and local banks provide more loans at reasonable interest rates to entrepreneurs allowing a higher repayment rate as well as several new small businesses to stimulate the economy.<br /><br />I do believe that micro finance has enabled more businesses to be formed by women and provide more families a steady income and eventually traditional money lenders with high interests will lose their place.Tavihttp://www.unitedprosperity.org/noreply@blogger.com